auditextopt7

TABLE OF RUN BALANCE (AUDIT TABLE) LICOPT(vii) - extended/inflapro opt(7)

Principal:100000.00 Rate of Intt:7.647 Compounding mode:Yearly compounded
LIC JEEVAN AKSHAY IV SCHEME OPTION vii entry age=60
Option (vii) Annuity for life with a provision of 100% of the annuity payable to spouse during his/ her life time on death of annuitant. The purchase price will be returned on the death of last survivor. No.of Years=25

Option 7 - Inflapro - pension starts at first year, increases every year, further pension static after term will full as last pension amt
Having maturity value
Term: 25 years Moratorium=NIL

Year

B/F

Payout

Interest

C/O/Balance

NAV(FV:10)

year 1(1)/AGE 60

1,00,000.00

1,825.66

7,507.39

1,05,681.73

10.5681

year 2(1)/AGE 61

1,05,681.73

2,008.23

7,927.91

1,11,601.41

11.1601

year 3(1)/AGE 62

1,11,601.41

2,209.05

8,365.23

1,17,757.59

11.7757

year 4(1)/AGE 63

1,17,757.59

2,429.96

8,819.10

1,24,146.73

12.4146

year 5(1)/AGE 64

1,24,146.73

2,672.96

9,289.10

1,30,762.87

13.0762

year 6(1)/AGE 65

1,30,762.87

2,940.26

9,774.59

1,37,597.20

13.7597

year 7(1)/AGE 66

1,37,597.20

3,234.29

10,274.73

1,44,637.64

14.4637

year 8(1)/AGE 67

1,44,637.64

3,557.72

10,788.38

1,51,868.30

15.1868

year 9(1)/AGE 68

1,51,868.30

3,913.49

11,314.10

1,59,268.91

15.9268

year 10(1)/AGE 69

1,59,268.91

4,304.84

11,850.10

1,66,814.17

16.6814

year 11(1)/AGE 70

1,66,814.17

4,735.32

12,394.17

1,74,473.02

17.4473

year 12(1)/AGE 71

1,74,473.02

5,208.85

12,943.63

1,82,207.80

18.2207

year 13(1)/AGE 72

1,82,207.80

5,729.74

13,495.28

1,89,973.34

18.9973

year 14(1)/AGE 73

1,89,973.34

6,302.71

14,045.29

1,97,715.92

19.7715

year 15(1)/AGE 74

1,97,715.92

6,932.98

14,589.17

2,05,372.11

20.5372

year 16(1)/AGE 75

2,05,372.11

7,626.28

15,121.62

2,12,867.45

21.2867

year 17(1)/AGE 76

2,12,867.45

8,388.91

15,636.47

2,20,115.01

22.0115

year 18(1)/AGE 77

2,20,115.01

9,227.80

16,126.54

2,27,013.75

22.7013

year 19(1)/AGE 78

2,27,013.75

10,150.58

16,583.53

2,33,446.70

23.3446

year 20(1)/AGE 79

2,33,446.70

11,165.64

16,997.83

2,39,278.89

23.9278

year 21(1)/AGE 80

2,39,278.89

12,282.20

17,358.44

2,44,355.13

24.4355

year 22(1)/AGE 81

2,44,355.13

13,510.42

17,652.69

2,48,497.40

24.8497

year 23(1)/AGE 82

2,48,497.40

14,861.46

17,866.14

2,51,502.08

25.1502

year 24(1)/AGE 83

2,51,502.08

16,347.61

17,982.26

2,53,136.73

25.3136

year 25(1)/AGE 84

2,53,136.73

17,982.37

17,982.25

2,53,136.61

25.3136

Adjustment

+1.64

23.5155

Further pension(on survival)

17,982.37

Surrender val(on death)

2,35,155.88

Moratorium: Nil years
InflationProtection: 10% every year
Yield: 12.58% pa
start-Amt(after Moratorium): Rs.1,825.66
(start-amt per lac after Moratorium): (Rs.1,825.66 )
(conventional immediate payout per lac): (Rs.7,010.00 Yearly compounded )

Suggested INFLAPRO OPTIONS:

Option 7 - Inflapro - pension starts at first year at Rs.1,825.66 Yearly compounded , increases @ simple rate of 10% every year for a period of 25 years years for life with a provision of 100% of the last annuity payable to spouse during his/ her life time on death of annuitant. with return of purchase price on the death of last survivor further pension static at 100% of last pension amount on survival of annuitant beyond 85 years or period of of 25 years years whichever later on survival Rs.17,982.37 for life. The return of purchase price will be as per NAV max of 23.5155